World Kinect (WKC) investor relations material

Executive summary

• Q3 adjusted EPS was a record $0.99, up 83% YoY; adjusted gross profit rose 12% to $278.9M, and free cash flow was $164.4M.

• Results reflected Aviation growth, Marine market gains and continued Land progress amid portfolio transformation and exits.

• FY26 adjusted EPS guidance increased to $3.52–$3.62 from $3.20–$3.40; initial guidance was $2.20–$2.40.

Financial highlights

• Q3 revenue rose 41% YoY to $13.27B; gross profit increased 15% to $288.1M and adjusted gross profit rose 12% to $278.9M.

• GAAP net income attributable to shareholders was $38.0M, or $0.70 diluted EPS, versus $25.7M and $0.46; adjusted net income was $50.8M, or $0.99 adjusted EPS, versus $30.0M and $0.54.

• Operating income was $80.1M versus $62.9M; adjusted operating income was $102.6M versus $68.6M.

• Adjusted operating expenses were $176M, down 3% YoY; Land cost reductions and exit actions more than offset Universal Trip Support costs.

• Q3 consolidated sales volume was 4.026B gallons and equivalents, down 6% YoY; Q3 volume excludes non-core divestitures and exits.

Outlook and guidance

• FY26 adjusted EPS guidance rose to $3.52–$3.62 from $3.20–$3.40, reflecting Q3 outperformance; initial FY26 guidance was $2.20–$2.40.

• Guidance includes FY26 share repurchases and the full-year impact of the Universal TSS acquisition.

• Q4 Aviation gross profit is expected to grow strongly YoY and remain relatively flat QoQ; Marine gross profit is expected above prior year but down sequentially.

• Restructuring actions are expected to yield ~$30M in annualized compensation savings; finance and accounting optimization is expected to generate ~$80M of savings over 2026–2030.